While hope springs eternal that the US housing sector 'record-inventory-compression and foreclosure-stuffed' 'recovery' will become self-sustaining, there are two rather disappointing 'facts' to ruin the 'fiction' that all is well.

Marc Faber, author of his famous Gloom, Boom and Doom Report sees a lot of surprises for investors this year, none of which are positive. Tax increases, rampant spending and geopolitical tensions will negatively impact the economy.

Creditors of bankrupt San Bernardino, including America's biggest pension fund and Wall Street bondholders, are due to meet in court in a case bogged down in arguments over the Southern California city's disclosure of financial records.

In 1981, David A. Stockman, a former Michigan congressman turned budget director for President Ronald Reagan, gave a series of interviews to socialist William Greider who subsequently published an article in The Atlantic.

If the economy is getting better, then why does poverty in America continue to grow so rapidly? Yes, the stock market has been hitting all-time highs recently, but also the number of Americans living in poverty has now reached a level not seen since

“It’s been condoned [now] by the IMF, the European union, and everybody else in sight; that a government in need, can take assets. We all knew they could tax us…but this is the first time that I’m aware of, that they’ve gone in and taken bank account

Envisioning cars that can go “coast to coast without using a drop of oil,” President Barack Obama on March 15 urged Congress to authorize another $2 billion over the next decade to expand research into weaning automobiles off gasoline.

L: Doug, there is considerable disagreement over the significance of the Cyprus crisis. A lot of people are saying that it's just a flash in the pan; Cyprus is a small country, far off, and doesn't really matter.